TPG Sells Equity Stake in CICC for $307 Million

April 4, 2019

Cleary Gottlieb represented TPG in connection with the sale of an equity stake in China International Capital Corp. (CICC) for approximately $307 million.

The transaction closed on April 4, 2019.

CICC was founded in 1995 as China’s first joint-venture investment bank, a China-based investment bank. It is headquartered in Beijing with subsidiaries throughout mainland China.

Cleary advised TPG on its equity investment in CICC in 2010.